Ratings

Ratings Recap: Continental, Nat’l. Guaranty, Westminster, Triangle, Ellington Mutual

A.M. Best has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating to “a” from “a-”of Chicago-based Continental Assurance Company (CAC), and has removed the ratings from under review with developing implications and …

Ratings Recap: Trust Re, Alliance

A.M. Best has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Trust International Insurance & Reinsurance Company B.S.C. (c) Trust Re, which is based in Bahrain. The outlook for both ratings remains …

Weakening Operating Fundamentals Tip Reinsurers’ Outlook to Negative: A.M. Best

A.M. Best announced that it has “revised its ratings outlook on the global reinsurance sector to negative from stable, citing the significant ongoing market challenges that will hinder the potential for positive rating outlooks or upgrades, and over time, may …

Tough Competition Could Pressure Global Reinsurers Ratings: S&P Report

Standard & Poor’s Ratings Services announced that it will publish its annual “Global Reinsurance Highlights” to coincide with the 2014 Reinsurance Rendezvous in September. The report “will provide a detailed perspective on the market, focusing on the competitive pressures that …

Fitch Raises Italy Insurance Market Outlook as 1st Half Betters Expectations

Fitch Ratings has revised its outlook to stable from negative, reflecting expectations that insurers’ profit and capital adequacy will be resilient amid the Italian recession. The outlook also reflects reduced credit risk on certain Italian insurers’ balance sheets, following the …

Best Affirms Catlin Group’s Ratings; Outlook Stable

A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Catlin Insurance Company Limited (CICL) (Bermuda), Catlin Insurance Company (UK) Ltd. and Catlin Re Switzerland Ltd. Best also affirmed …

Ratings Recap: Guardian, Central Re

A.M. Best has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit ratings (ICR) of “a-” of Guardian Life of the Caribbean Limited (GLOC) and Guardian General Insurance Limited (GGIL). Best also affirmed the ICR of “bbb-” …

New IFRS Standard to Significantly Change Insurers’ Financial Reports: A.M. Best

“The emerging international accounting standard for insurance contracts will change the data that form one part of the material used by A.M. Best in the insurance sector,” the rating agency said in a Special Report. “The standard, known as Phase …

Best Affirms Lloyd’s, Lloyd’s (China) Ratings; Outlook Positive

A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of Lloyd’s and Lloyd’s Insurance Company (China) Limited (LICCL) (China). Best also affirmed the ICR of “a” of Society of Lloyd’s …

Best Comments on Insurance Implications of Malaysia Airlines Flight MH-17 Crash

A.M. Best has released a preliminary report, which indicates that the “total insurance loss of Malaysia Airlines Flight MH-17, which crashed over the Ukraine-Russia border on July 17, 2014, is not expected to result in any ratings actions.” Best’s Briefing entitled, “The …

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